Thursday, April 28th, 2016 by GEORGE BOLLENBACHER In the never-ending stream of market regulations coming from the EU, the one that has been overlooked, like a bear in hibernation, is the Securities Financing Transaction Regulation. Its implementation may be a little further off than MiFID II or MAR, but soon enough it will wake up and rear its ugly head. And you don’t want this hungry bear staring at you.… Read More »
Monday, April 18th, 2016 by GEORGE BOLLENBACHER That is the premise of how regulators typically work when it comes to deciding whether to fine a firm for wrongdoing. However, when it comes to new European regulations prohibiting insider trading and market manipulation, that will soon no longer be the case. The new European Market Abuse Regulation (MAR), effective in July, makes the intent to commit insider trading and market manipulation… Read More »
Soft dollars have been a significant contributor to the bottom lines of many investment managers. With the most recent delegated directive under MiFID II, however, European regulators have mandated major changes to the use of soft dollars. While this has been the No. 1 topic of conversation among IMs in Europe, it also has a significant impact on IMs in the US (or anywhere else that allows soft dollars). When… Read More »
The transition from LIBOR to the Fed-published Secured Overnight Financing Rate (SOFR) or possible alternatives is motivated in large part by the mandated cessation of… Read More »
Building on the success of our first FRTB roundtable discussion held on December 9, 2020, we are offering a very select group of bank dealers… Read More »
FRTB will be far more challenging than traditional risk capital regulations due to the lack of regulatory clarity over the boundaries between banking and trading… Read More »
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